Bitcoin Forum

Economy => Speculation => Topic started by: Jcastle on June 06, 2016, 06:49:08 PM



Title: GBTC $93/share
Post by: Jcastle on June 06, 2016, 06:49:08 PM
GBTC(bitcoin etf) is trading now@$93/share...this implies a bitcoin price of $900


Title: Re: GBTC $93/share
Post by: spazzdla on June 06, 2016, 06:50:50 PM
This ETF has big problems written all over it.


Title: Re: GBTC $93/share
Post by: gentlemand on June 06, 2016, 06:55:53 PM
I don't think you can really apply the wider Bitcoin space to it. It's a weird little thing all by itself.


Title: Re: GBTC $93/share
Post by: richardsNY on June 06, 2016, 07:06:16 PM
Doesn't say much for the regular exchange price of Bitcoin at this point. I am quite sure that a lot people here aren't even aware of this ETF. And beside that, the order book looks very thin.


Title: Re: GBTC $93/share
Post by: RyNinDaCleM on June 06, 2016, 08:10:59 PM
A whopping 130 BTC traded
http://www.nasdaq.com/symbol/gbtc